Recognize business uncertainties, distinguishing among those that are part of everyday life, those raising enough of a threat to justify notifying stakeholders of its existence and general implications; and those requiring significant attention due to the magnitude of its potential effect, the likelihood of occurrence, or both. Develop a practical approach for preparing disclosures with the goal of creating footnotes that are easily read and understood.Identify the uses of fair value as a basis for measuring financial statement elements. Highlights
Address areas of accounting that present challenges for financial statement preparers of nonpublic entities. Learn about the information necessary to understand these issues and explore practical, applicable approaches.Topics include: Uncertainties: What Should Be Disclosed and How Much Information Should Be Provided? Disclosures: Don't Hide the Forest in the Trees. Fair Value: When It Is Required and When Else It May Be Used? Other - Political, economic, business, or other activities of the period. Business implications; alternative accounting treatments, and the impact on the financial statements. Attendees have the option to further participate by requesting specific areas of accounting to be addressed in the course. The inclusion of suggestions are added when possible (the option unavailable to web re-broadcast attendees).
Registration
PICPA Member: $295 Nonmember: $400
More Information
Course No.
4202792B
Level:
Intermediate
Prerequisites:
Basic knowledge of GAAP and accrual accounting.
Notes
None
Speaker(s)
Mark Dauberman
Mark Dauberman taught his first
university accounting class in 1969 and has been involved in accounting
education since having taught at CSUN, CSULA, UCLA, and Loyola Marymount
University. He obtained his bachelors degree in accounting from California
State University at Northridge (CSUN) in June of 1970. In 2010, he
completed the Executive MBA program at the Peter Drucker and Masatoshi Ito
School of Management at Claremont Graduate University, where he had been a
student of Dr Drucker in 1971. Mark's public accounting experience
includes working with various local firms throughout high school and
college, and employment with Kenneth Leventhal & Company. More
recently he was a partner at NSBN, a Beverly Hills CPA and business
consulting firm. Mark's industry experience includes serving as assistant
controller of a large trucking and warehousing firm. He has been both a
controller and the Vice President of Finance and Administration for major
real estate development companies. Mark also spent nearly 30 years as an
entrepreneur, operating a business that prepared individuals for the CPA
exam Mark currently provides CPE and technical staff training for CPA
firms, private industry employers of accountants, and government
organizations on topics that include applying the risk assessment
standards, fraud, internal and external auditing, developing internal
controls, strategic planning, and practice management. In addition to
numerous CPE courses and articles, Mark authors the CCH publication
Knowledge-Based Compilations & Reviews. He also provides consulting
services to CPA firms, providing assistance on matters involving strategic
planning; partner compensation issues; client management; and the
planning, performance, and review of financial statement
services.